Assam Fiscal Responsibility and Budget Management (Amendment) Act, 2005

No: 42 Dated: Sep, 13 2005

Assam Fiscal Responsibility and Budget Management (Amendment) Act, 2005

Assam Act No. XLII of 2005

    An Act further to amend the Assam Fiscal Responsibility and Budget Management Act, 2005.

    Preamble:- Whereas it is expedient further to amend the Assam Fiscal Responsibility and Budget Management Act, 2005 hereinafter referred to as the principal Act, in the manner hereinafter appearing;

    It is hereby enacted in the Fifty-sixth Year of the Republic of India as follows :-

1. Short title, extent and commencement:- (1) This Act may be called the Assam Fiscal Responsibility and Budget Management (Amendment) Act, 2005.

(2) It shall have the like extent as the principal Act.

(3) It shall come into force at once.

2. Amendment of section 4:- In the principal Act, in section 4, in sub-section (3),- (i) in clause (i), for the existing provision, the following shall be substituted, namely :-

“(i) eliminate revenue deficit within four financial years beginning on the first day of April, 2005 and ending on the 31st day of March, 2009;”;

(ii) in clause, (v), for the existing provision, the following shall be substituted, namely :-

“(v) reduce fiscal deficit to 3% of the estimated Gross State Domestic Product within a period of four financial years beginning in the 1st day of April, 2005 and ending on 31st March, 2009;”;

3. Insertion of  New Section 12A:-In the principal Act, after section 12, the following new section 12 A shall be inserted, namely:-

“ 12 A. Bar of jurisdiction of Civil Court.- No civil court shall have jurisdiction to question the legality of any action taken by, or any decision of the State Government, under this Act.”